Manhattan House En Bloc Sale 2023 – Prime D3
According to the sole marketing agency JLL Singapore, Manhattan House has been put up for collective sale via public tender with a S$280 million reserve price.
The land rate, after accounting for the lease top-up premium and a land betterment fee, is around S$1,715 psf ppr at a base gross plot ratio of 5.03875.
The 99-yr leasehold development, which has 269 apartments spread over 16 storeys, was completed in 1976.
According to the 2019 Master Plan from the Urban Redevelopment Authority (URA), it is on a plot of land that is 4,167.7 square meters (sq m) and is meant for commercial use. The gross plot ratio is 4.7.
Under the URA’s recommendation, the land may be rezoned to “residential with commercial at the first floor,” according to JLL.
Additionally, a residential tower with a maximum height of 30 storeys and a gross floor area of 21,000 square meters is permitted on a “significant” section of the property.
Both MRT stations, Outram Park and Chinatown, are close to the Manhattan House en bloc site.
Along with other amenities, Raffles Place and Marina Bay can be reached within a 3-minute drive.
Within one kilometer of the location is River Valley Primary, and within two kilometers are Alexandra Primary, CHIJ (Kellock), Cantonment Primary, St. Margaret’s School, and Zhangde Primary.
On March 8, 2023, at 3 p.m., the Manhattan House tender will close.